BRM SHARE ISSUE (WARRANT CONVERSION BRMWF)

3 November 2021


BARRAMUNDI SHARE ISSUE (WARRANT CONVERSION BRMWF)


On 29 October 2021, Barramundi warrant holders had the option to convert their warrants into
ordinary Barramundi shares at an exercise price of $0.64 per warrant. On the same day, Barramundi
shares were trading on-market at $1.02, a 59% premium to the exercise price.

Warrant holders took advantage of this discount, with 48,082,491 warrants out of a possible
52,532,918 warrants (91.53%) being converted into Barramundi ordinary shares.

The new shares were allotted to warrant holders on 3 November 2021. All new shares have the same
rights as current Barramundi shares, including participating in the company’s quarterly dividend policy.

The remaining 4,450,427 warrants which were not exercised have now lapsed, and all rights in regards
to them have now expired.

The additional funds will be invested in Barramundi’s current investment portfolio of stocks, in similar
proportions to the existing portfolio.


/Ends

Wayne Burns
Corporate Manager
Barramundi Limited

Tel +64 9 489 7074


Barramundi Limited
Phone +64 9 489 7074
Fax +64 9 489 7139
Private Bag 93502 Takapuna
Auckland 0740